The Homa Files

Ken’s Take:

1) It never pays to buy at the peak — unless somebody is staking you — and the government is ready with a safety net.

2) Nobody that I know is good as calling the peak.

3) 2005-2007 … 3 years that will live in infamy … with their lessons forgotten by 2012

4) Remember: the mortgage mess is highly concentrated to California, Florida, Nevada, and Arizona.

5) Also remember: 1/3 of 75 million are owned free & clear of any mortgages

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http://online.wsj.com/article/SB122351316270117559.html

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This entry was posted on October 9, 2008 at 9:13 am and is filed under Government & Politics, Mortgage Crisis. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.